Chemixcil Logo
 
left
navright

News


Latest News


Product Categories

Home» Circulars» Add Imposition Of Anti Dumping Duty On Imports Of Methylene Chloride Originating In Or Exported From European Union And United States Of America

Back
 
ADD - Imposition of anti-dumping duty on imports of Methylene Chloride originating in or exported from European Union and United States of America
 

 

 

 

CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)

Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India

Tel : +91 22 22021288 Website : www.//chemexcil.in

 


 

 EPC/LIC/ADD                                                             07/01/2019

 

ALL THE MEMBERS OF THE COUNCIL

        

ADD


Imposition of  anti-dumping duty on imports of ''Methylene Chloride"

 

originating in or exported from European Union and United States of America

 

 

 

Dear Members,

 

The  Department of Revenue, Ministry of Finance, Government of India  has issued Notification No. 01/2019 - Customs (ADD) dated 04.01.2019 regarding imposition of anti-dumping duty on imports of ''Methylene Chloride" falling under Sub Heading 290312 and  originating in or exported from European Union and United States of America.

 

We understand that, the designated authority vide notification No.7/15/2018 DGAD, dated the 3rd May 2018 had initiated the review  in the matter of continuation of anti-dumping duty on imports of ‘Methylene Chloride’  originating in or exported from European Union and United States of America, imposedvide No. 24/2014- Customs (ADD), dated the 21st May, 2014.

 

The designated authority in its final findings, published videnotification No. F. No.7/15/2018-DGAD, dated the 22nd November, 2018 has come to the conclusion that-

 

(i) there is continued dumping of the product concerned from the subject countries, causing injury to the domestic industry;


(ii) price undercutting without anti-dumping duty is positive and significant;


((iii) despite the anti-dumping duty in force, the financial performance of the Domestic Industry has deteriorated; during the Period of Investigation, the domestic industry has shown negative growth in terms of the economic parameters such as production, sales, profitability and Return on Capital Employed; the dumped imports from European Union and United States of America continue to cause injury to the domestic industry;


(iv) dumping of the product under consideration from EU and USA is likely to continue/intensify should the current anti-dumping duty be revoked, and has recommended the imposition of definitive anti-dumping duty on the imports of subject goods, originating in or exported from the subject country and imported into India, in order to remove injury to the domestic industry.

 

The Anti-Dumping Duty imposed on 'Methylene Chloride"  falling under Sub heading 290312 and  originating in or exported from European Union and United States of America varies from USD 0.32/kg to  USD 0.36 /kg depending upon the supplier/ country.  For full details please refer to the  Table in this notification.

 

The anti-dumping duty imposed shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency  (Rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Act).

 

Members importing Methylene Chloride are requested to take note of the same.   The above said notification is available for reference using below link:

http://cbic.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-add2019/csadd01-2019.pdf

 

In case of any issues, members may send their feed-back on e-mail id’s  ed@chemexcil.gov.indeepak.gupta@chemexcil.gov.in   & rodelhi@chemexcil.gov.in .

 

Thanking You,

Yours faithfully,

 

S.G. BHARADI
EXECUTIVE DIRECTOR

CHEMEXCIL

 

 

left
Site visited: Web Site Hit Counters
navright
Copyright © 2014. All Rights Reserved by Chemexcil
Powered by: iBongo